Ultegra134
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October 15, 2022, 07:53:57 PM Last edit: October 15, 2022, 08:07:00 PM by Ultegra134 |
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The last few months have been quite tough due to inflation. The constant increase in living costs made it a lot tougher to save, making it almost impossible to set money aside in some specific months. Personally, I don't think I'll face any significant issues due to the upcoming recession. My savings are definitely going to be affected, but all in all, I'll be fine.
I won't allocate any more money for investments; this isn't the perfect moment for the average Joe. As long as I'm not touching any BTC earnings deriving from the signature campaign, I'm fine, since I'm holding till the end of the recession and bear market in hopes of a better future. My Bitcoin is safe in my wallet, nothing will make me turn them to fiat. People were calling cryptocurrencies volatile but look at their fiat currencies. Euro plummeted, BTC and USD in stablecoins look the safest for now.
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lizarder
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October 15, 2022, 07:56:51 PM |
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Are you ready to face it? This condition is caused by the COVID-19 pandemic and uncontrolled inflation and other factors. World economic growth has decreased due to COVID-19, resulting in massive inflation in both developed and developing countries. The impact of COVID-19 on economic growth is expanding, forcing countries to formulate prevention formulas. Inflation occurs because the money supply is not balanced, namely the increase in the price of goods continuously within a certain period of time. if you as an investor need to withdraw investment assets or move to other investments or just keep quiet. what steps will be taken to secure assets to avoid unwanted risks It's probably best to switch to bitcoin investing, as in general this won't have much impact, or start switching to buying assets like land and gold. These three models tend to maintain currency values, both in the short and long term, although the impact of inflation also affects in a much smaller context, from what I have seen and experienced, these three investment models are more likely to be practical and can maintain currency values. Although sometimes experiencing a slowdown in achieving results. Global recession alarm, safe money and it seems, the title is slightly shifted from the discussion.
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uchegod-21
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October 15, 2022, 08:08:24 PM |
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This condition is caused by the COVID-19 pandemic
COVID-19 by this time? That should be in the past. But your question is still valid because fiat value always depreciate in long term. Diversify. Buy land, gold, bitcoin and other valuable assets you know that their worth will keep appreciating in long term. Also go for lucrative businesses in your area. Is buying land a good option? Are there not some certain risks involved in buying land? Like devaluation or inability for it to appreciate in the future due to long lasting inflation. I am just thinking about this to know if to buy land is a good idea. I need to diversify, the only investment plan I know how it works is bitcoin.
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Charles-Tim
Legendary
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Activity: 1722
Merit: 5202
Leading Crypto Sports Betting & Casino Platform
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October 15, 2022, 08:20:54 PM |
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Is buying land a good option? Are there not some certain risks involved in buying land? Like devaluation or inability for it to appreciate in the future due to long lasting inflation. I am just thinking about this to know if to buy land is a good idea. I need to diversify, the only investment plan I know how it works is bitcoin.
As an area become more industrialized, the more the land in that area become more expensive. The lands in an area once a village before that become town appreciates in value in the process of the area becoming town. Likewise the appreciation as it is changing from town to city. Even lands available in cities (if there are still some) also still further appreciates in value. Buying land is an investment.
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Vinaa77
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October 15, 2022, 08:40:44 PM Last edit: October 17, 2022, 08:46:35 AM by Vinaa77 Merited by fillippone (2) |
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Are you ready to face it? This condition is caused by the COVID-19 pandemic and uncontrolled inflation and other factors. if you as an investor need to withdraw investment assets or move to other investments or just keep quiet. what steps will be taken to secure assets to avoid unwanted risks
Covid 19 happened in 2019, so it's called Covid 19. And now it's 2022, so it's like we say Covid 22, or we wait a few more months we'll say Covid 23. Maybe this looks weird with what I said, but the fact is that . What I want to say is don't get carried away by the trauma of the Covid problem. That is the past. Maybe the rest you have to understand what's behind Covid 19. Then why the economic crisis occurs, because people are locked down, so that the economic cycle stops. And all countries in the world agreed to confine their people. Then what is the solution? As countries in the world agree to lock down their people, so we agree that Bitcoin is the king of crypto, and make Bitcoin the main investment base, so the whole world will invest there, and the price of Bitcoin will be high. When they are able to make something small into something bigger, then we are also able to make Bitcoin a bigger investment.
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yhiaali3
Legendary
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Merit: 2007
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October 16, 2022, 07:50:09 PM |
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This situation pervades almost all countries of the world. My strategy at the moment is to hold the important assets that rank well in the market and have a future when the bear market ends. On the other hand, this is to wait until the situation improves. At this time, small deals can be made on some of the shitcoin that They can make significant price spikes for a short period and then disappear.
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BIT-BENDER
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October 16, 2022, 08:16:02 PM |
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Asset are always at risk, even the choicest asset is still at risk of depreciation, a great fear of mine right now is holding my local currency (Naira) its depreciating fast and making people's saving worthless.
I don't know if you are correct about Covid 19 still having an effect on the inflation being experienced by many countries of the world. I can even support the idea of anyone says the war between Ukraine and Russia has a hand in the inflation, regardless I still believe measure can be taking to curtail the amount of damages.
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gantez
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October 16, 2022, 09:18:04 PM |
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This condition is caused by the COVID-19 pandemic and uncontrolled inflation and other factors.
Uncontrolled inflation is not a thing that the government is not really working on but because war is ravaged the whole country the economy is falling beyond control this looking like nothing is working. This is not a covid-19 pandemic particular issue because it is past now, the government should have less of war and I believe certain things will become regulated by themselves if less spending wastefully and corrupt mind in official of government.
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KennyR
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October 16, 2022, 11:32:00 PM |
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Inflation is a part, along with it we've got floods, food shortage, war, oil crisis and more other factors that add up to the bad economic situation. Covid-19 have decreased alot and when the world was moving towards the recovery phase, we encountered war that led to various other social and economic issues. Nowhere we can have the money safe than a no custodial wallet. Here also the market volatility holds the risk of decline in the portfolio, but if you have the ability to hold then it is the right place.
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AmoreJaz
Legendary
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Activity: 3276
Merit: 1104
Leading Crypto Sports Betting & Casino Platform
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October 16, 2022, 11:44:26 PM |
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Asset are always at risk, even the choicest asset is still at risk of depreciation, a great fear of mine right now is holding my local currency (Naira) its depreciating fast and making people's saving worthless.
I don't know if you are correct about Covid 19 still having an effect on the inflation being experienced by many countries of the world. I can even support the idea of anyone says the war between Ukraine and Russia has a hand in the inflation, regardless I still believe measure can be taking to curtail the amount of damages.
why not convert some of your fiat to other assets like gold (i.e. in the form of jewelry), real-estate and other tangible assets that you think won't be badly affected by inflation? because for example most real-estate properties increase its value depending on where it is located. the inflation that we are experiencing is the combined effect of various factors and the major ones are owed to covid pandemic, and this russia-ukraine war. the price of crude oil across the globe increased when this war happened. and so the impact is like domino effect when it comes to other goods and services.
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tabas
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October 16, 2022, 11:44:45 PM |
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Then what is the solution? As countries in the world agree to lock down their people, so we agree that Bitcoin is the king of crypto, and make Bitcoin the main investment base, so the whole world will invest there, and the price of Bitcoin will be high.
It's the main base for us since we've been here and we know how important bitcoin to us. But to some investors that wants to diversify their investments, they'll not going to all in for bitcoin. They'd go for traditional investing assets and diversification is what they do. I've seen people that don't like to invest in bitcoin and they're telling they want to play on the safer side which is to go for the usual investments, not crypto.
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Don Pedro Dinero
Legendary
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Activity: 1484
Merit: 1745
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October 17, 2022, 01:47:56 AM |
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if you as an investor need to withdraw investment assets or move to other investments or just keep quiet.
If as an investor you need to sell at this time of bear market to get liquidity, you have done something wrong. A good investor has the liquidity available to go through a good season without having to sell anything and also usually gets cash flow from his investments. For example, they have shares that pay dividends, and no matter how much the share price has fallen, they continue to pay dividends, giving you cash flow (with some exceptions, as in bear markets certain companies reduce or cancel their dividends). The mentality you express is typical of the retail investor who is driven by emotions when it comes to investing, which is usually a recipe for disaster.
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lienfaye
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October 17, 2022, 04:09:59 AM |
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Are you ready to face it? This condition is caused by the COVID-19 pandemic and uncontrolled inflation and other factors.
Inflation is the current problem that we are facing now and it's hard fo cope up if you're not taking action to help yourself as an individual. if you as an investor need to withdraw investment assets or move to other investments or just keep quiet. what steps will be taken to secure assets to avoid unwanted risks
Just like what earlier replies have pointed out, diversification is a good idea to lessen the risk. In times like this it's a must to study the investment on where you will put your money because the result is uncertain. For me, investing in gold is still reliable, I have been doing this for years already. Even the price increase is not as fast like other investment out there, still you're at ease that you can use it at anytime through pawning or selling. On the other side, I have Bitcoin, it's a secure way to keep our money, though it's an speculative asset and risky. But if you believe in its future, and prepared whatever the outcome is, then it's a good investment that we should not miss. Nevertheless we should find ways that can benefit us for our own good.
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bestcoins1
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October 17, 2022, 05:21:00 AM |
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It's probably best to switch to bitcoin investing, as in general this won't have much impact, or start switching to buying assets like land and gold. These three models tend to maintain currency values, both in the short and long term, although the impact of inflation also affects in a much smaller context, from what I have seen and experienced, these three investment models are more likely to be practical and can maintain currency values. Although sometimes experiencing a slowdown in achieving results.
If it's targeted at keeping an existing amount of money while hoping for a bigger income, then obviously it's a very good option and it's not worth mentioning too late in achieving the results because the main goal is to save money on an investment that's worth as you say it is. This is because the value that exists in Bitcoin, land and gold tends to change and can get better when there are so many people who are after it, whereas ordinary currency does not have such properties and even feels like a little when there is a lot of goods and food needed. every day the price increases in the market.
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Joshapat
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October 17, 2022, 06:13:30 AM |
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Government reports in my country state that national economic recession will soon occur and we must prepare, especially since many subsidies that will be reduced or even eliminated so that it makes the burden of life more difficult.
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davis196
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October 17, 2022, 10:16:41 AM |
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Are you ready to face it? This condition is caused by the COVID-19 pandemic and uncontrolled inflation and other factors. if you as an investor need to withdraw investment assets or move to other investments or just keep quiet. what steps will be taken to secure assets to avoid unwanted risks
Nobody can be 100% prepared for the future. If we are heading towards stagflation the times will be hard. I can't understand your question. What do you mean by "to secure assets"? Securing assets from what? Theft? Going Bankrupt? Unfortunately many investors will have to sell their high risks assets(including cryptocurrencies) so there won't be any chance for bullish crypto markets in the short term. I will keep HODLing Bitcoins even if the BTC price drops to 10K USD or below. I might stop accumulating Bitcoins for a while and start buying other assets, like precious metals for example. I'm a moderate pessimist, but I don't usually trust all the "doom & gloom prophets". Maybe 2023 won't be that bad. Who knows...
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fuguebtc
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October 17, 2022, 10:45:00 AM |
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This condition is caused by the COVID-19 pandemic
COVID-19 by this time? That should be in the past. But your question is still valid because fiat value always depreciate in long term. Diversify. Buy land, gold, bitcoin and other valuable assets you know that their worth will keep appreciating in long term. Also go for lucrative businesses in your area. Is buying land a good option? Are there not some certain risks involved in buying land? Like devaluation or inability for it to appreciate in the future due to long lasting inflation. I am just thinking about this to know if to buy land is a good idea. I need to diversify, the only investment plan I know how it works is bitcoin. In the long run, in my opinion, real estate is the best asset. I simply think that, when the world's population is increasing, industrial parks and high-rise buildings are growing rapidly, real estate is considered an extremely good investment in the long run. Many people don't talk about real estate as often as bitcoin because investing in real estate requires a lot of initial capital and with real estate you will have to keep your investment for 5 years or 10 years to be able to make a good profit. If you have enough money to invest in real estate then I think you should not miss it.
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fiulpro
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October 17, 2022, 11:29:53 AM |
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What can be done to secure your assets 100%? - Nothing
If you come in business thinking there is a fool proof plan, then you would literally be sad after recognizing the fact that nothing can work 100% in this environment, it's Pandemic, WAR, markets are crashing what you can do ?
-You can definitely try and save as much as you can - 1. You can try and rely more on things like " cryptos for long term investment " , not banks, but let's be honest the market is going to affect everything 2. You can buy property and wait for it to grow more 3. You can buy things like gold, I know it's traditional but it still works you know.
You cannot prevent losses 100% you can only try and minimize them overtime. *_*
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Mauser
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October 17, 2022, 11:33:06 AM |
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Are you ready to face it? This condition is caused by the COVID-19 pandemic and uncontrolled inflation and other factors. if you as an investor need to withdraw investment assets or move to other investments or just keep quiet. what steps will be taken to secure assets to avoid unwanted risks
At this point it feels kind of too late to sell Investments. A good opportunity to take a profit was when the Russia Ukraine war started, but since then prices have dropped so far that it feels wrong to sell now. Even though recessions are inevitable it feels better to sit out any further price drops. It comes down to if you expect things to get worse in the near future or not. We never know when the crisis is over and things could go back to normality really quickly. Another big concern I have with selling investments is the tax aspect, whenever there is a profit in trading the taxes need to be deducted. This reduces the profits by 25% and doesn't make it worth it in some cases. Better to sit this one out in my opinion in case inflation rises even higher.
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lizarder
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October 17, 2022, 02:40:12 PM |
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If it's targeted at keeping an existing amount of money while hoping for a bigger income, then obviously it's a very good option and it's not worth mentioning too late in achieving the results because the main goal is to save money on an investment that's worth as you say it is.
The concept of investment is like that, taking advantage of opportunities for profit, small and big problems depending on the capital or investment method that we use. For example, like the three models I mentioned above, although growth can slow down, this concept can clearly maintain currency values, especially in the midst of current inflationary conditions. This is because the value that exists in Bitcoin, land and gold tends to change and can get better when there are so many people who are after it, whereas ordinary currency does not have such properties and even feels like a little when there is a lot of goods and food needed. every day the price increases in the market.
True, These three models can be used as a solution to overcome the risk of investing elsewhere, althouh we also understand that these three models also have a level of risk, but the most important things can maintain the value of the currency. The Closest Example, when people deposit money in the bank, then the next ten or twenty years the value of the currency changes. Unlike investment in bitcoin, land or gold, they tend to be normal, increase and can maintain the value of the currency. For this connection, the three models can be said to be the right solution in the middle of inflation occurs or not, because the purpose of investment is to seek maximum profit and can maintain the value of the currency/capital before
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